The Storage Boom
Business Today India|November 10, 2024
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
RAHUL OBEROI
The Storage Boom

INDIANS ARE FIRMLY hooked on to their mobile phones. From buying vegetables to studying online, from watching videos and making reels to filling up job applications, they use it for almost everything. It shows in the data.

An average Indian cell phone user consumes more than 19 gigabytes (GB) of data per month, the highest in the world. Nearly 80% of the country’s population owns a mobile phone, which works out to a whopping 1.13 billion handsets. And data consumption is expected to jump manifold because of the increased adoption of data-intensive technologies like artificial intelligence (AI) and machine learning that require a lot of computational power.

With all that data flowing around, India Inc. is rushing to build the conduits to help this new oil reach the farthest corners of the country. It is investing heavily in data centres to make the most of this opportunity. Global real estate services and investment firm CBRE believes that the value of India’s data centre market will soar from $4.35 billion in 2021 to a projected $10.09 billion by 2027.

That has forced established players in this space like CtrlS Datacenters and Yotta to increase their capacity to fend off challengers big and small, from conglomerates like the Adani Group and Reliance Industries to relatively smaller entrants like Anant Raj Limited.

The government, too, is working actively to put India at the forefront of this development. It has been promoting data centres and localised data storage by classifying them as essential infrastructure, like roads and energy, also keeping in mind the emerging geopolitical situation. The government’s ₹10,000-crore AI initiative will be instrumental in creating a network of high-performance data centres available for lease to industry stakeholders, enabling them to train and develop AI models effectively.

هذه القصة مأخوذة من طبعة November 10, 2024 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة November 10, 2024 من Business Today India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من BUSINESS TODAY INDIA مشاهدة الكل
"Attitude Decides Altitude"
Business Today India

"Attitude Decides Altitude"

BEST ADVICE - RAJNEET KOHLI, CEO & EXECUTIVE DIRECTOR, BRITANNIA INDUSTRIES LTD

time-read
1 min  |
December 22, 2024
"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"
Business Today India

"FOR RATAN TATA, IT WAS ALWAYS NATION FIRST"

Thomas Matthew, former IAS officer, on his new biography of Ratan Tata, the late Chairman Emeritus of Tata Sons

time-read
3 mins  |
December 22, 2024
"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"
Business Today India

"RADICAL CHANGE NEEDED TO IMPROVE URBAN INFRA"

K.P. Singh, Chairman Emeritus of DLF, on the dynamic nature of the real estate sector, challenges in urban planning, and more

time-read
3 mins  |
December 22, 2024
REDEFINING AMBITION
Business Today India

REDEFINING AMBITION

Shashikant Ruia was a visionary entrepreneur who navigated challenges with resilience. He leaves behind a rich legacy of ambition and leadership

time-read
3 mins  |
December 22, 2024
ON THE WILD SIDE
Business Today India

ON THE WILD SIDE

LOVE WILDLIFE BUT DON'T WANT TO GIVE UP ON THE FINER THINGS WHILE ON A TRIP TO SPOT ANIMALS? CHECK OUT THESE LUXURIOUS WILDLIFE RESORTS FOR THE HOLIDAY SEASON

time-read
3 mins  |
December 22, 2024
"India is the only market globally with substantial growth"
Business Today India

"India is the only market globally with substantial growth"

RHI Magnesita CEO Stefan Borgas on the company's M&A strategy, why India is important, the way ahead, and more

time-read
6 mins  |
December 22, 2024
FRESH ON THE STREET
Business Today India

FRESH ON THE STREET

IPOs have come back with a bang in 2024, with a record ₹1.3 lakh crore raised till October. As a result, many newly-listed firms have made it to the BT500 list

time-read
6 mins  |
December 22, 2024
RIDING THE WAVES
Business Today India

RIDING THE WAVES

The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are the other driving forces and emerging trends that will define the landscape in 2025?

time-read
6 mins  |
December 22, 2024
HOME RUN
Business Today India

HOME RUN

After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024

time-read
4 mins  |
December 22, 2024
In Pursuit of Good Health
Business Today India

In Pursuit of Good Health

The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive

time-read
5 mins  |
December 22, 2024